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Bitcoin (BTC) Price Prediction for December 18
As the cryptocurrency market continues to fluctuate, it’s essential to keep a close eye on the current situation and make predictions based on available data. In a recent analysis by Denys Serhiichuk, a renowned expert with over five years of trading experience, it has been emphasized that there is a possibility for further correction to the $102,000 area.
In his latest update, Mr. Serhiichuk highlights that Bitcoin’s price is currently far from both support and resistance levels on its bigger time frame. This suggests that sideways trading within the narrow range of $104,000-$106,000 might be more likely in the short term if the situation does not change by the end of the day.
It’s also crucial to keep an eye on the weekly candle closure in terms of the $105,149 level. If this level is broken through with a false breakout, there could be a chance for a drop to the $100,000 zone, further emphasizing the importance of being cautious and prepared for any potential change.
As of now, Bitcoin’s price has settled at around $104,807, which indicates that there may not be a significant change in the short term. However, it’s essential to stay updated with the latest developments in order to avoid missing any potential opportunities or pitfalls.
Original article: https://www.u.today/there-is-a-chance-to-see-further-correction-to-the-102000-area-btc-price-prediction-for-december-18
Source: u.today
